MARIGOLD INSULATION UK LTD
Statement of financial position
as at 30 April 2021
Tangible assets
94,066
48,219
Cash at bank and in hand
57,801
14,326
Creditors: amounts falling due within one year
(77,049)
(37,591)
Net current liabilities
(1,545)
(10,856)
Called up share capital
100
100
Profit and loss account
92,421
37,263
Shareholders' funds
92,521
37,363
For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 July 2021 and were signed on its behalf by
Tahir Niazi
Director
Company Registration No. 9566825
MARIGOLD INSULATION UK LTD
Notes to the Accounts
for the year ended 30 April 2021
MARIGOLD INSULATION UK LTD is a private company, limited by shares, registered in England and Wales, registration number 9566825. The registered office is 15A STATION ROAD, HARROW, MIDDLESEX, HA1 2UF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straigh Line
Fixtures & fittings
20% Straigh Line
Computer equipment
20% Straigh Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2020
22,341
-
30,763
21,529
74,633
Additions
32,098
13,900
15,466
7,900
69,364
At 30 April 2021
54,439
13,900
46,229
29,429
143,997
At 1 May 2020
8,938
-
9,865
7,611
26,414
Charge for the year
9,100
2,780
7,273
4,364
23,517
At 30 April 2021
18,038
2,780
17,138
11,975
49,931
At 30 April 2021
36,401
11,120
29,091
17,454
94,066
At 30 April 2020
13,403
-
20,898
13,918
48,219
MARIGOLD INSULATION UK LTD
Notes to the Accounts
for the year ended 30 April 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
9,807
12,409
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
54,110
24,071
Taxes and social security
12,939
3,520
Loans from directors
10,000
10,000
7
Average number of employees
During the year the average number of employees was 4 (2020: 2).
